From the lifeboat activity, you learned about a few basic ratios. Using the financial informationbelow, what is this company's net profit margin? (11750n your text, this is just plain "profitmargin.")revenues =$502,451• cost of revenues =$235,911• EBIT = $111,224• taxes =$25,692• interest expense = $17,055• total assets = $446,549• shareholders' equity = $320,011Enter your answer as a percentage rounded to the first decimal. Do not enter dollar signs,percent signs, or commas.For example, if you calculated the answer in decimal form of 0.10487, you would enter for theanswer 10.5. Or if you calculated 0.046201, you would enter for the answer 4.6.

Ans. Net Profit Margin = Net income/Sales

Answered: = $17,055

Business

Accounting

= $17,055

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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